Payment of sum distributable to minor or other beneficiary under legal disability--Methods.

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55-1A-29. Payment of sum distributable to minor or other beneficiary under legal disability--Methods.

A trustee may make payment of any sum distributable to a minor or other beneficiary under legal disability, without liability to himself, by paying the sum in any one or more of the following ways:

(1)Directly to the beneficiary;

(2)To the conservator of the beneficiary;

(3)Directly for the maintenance, education and general welfare of the beneficiary;

(4)To a parent of the beneficiary; or

(5)To anyone who has custody and care of the person of the beneficiary.

Source: SL 1979, ch 336, §29; SL 1993, ch 213, §253.


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